Crypto market drops as Nasdaq tech selloff spills into digital assets
AI Summary
Bitcoin and ether experienced significant declines as broader tech selloffs from the Nasdaq impacted digital assets, with Bitcoin dropping 2.5% to $62,300 and ether falling over 4%. The selloff triggered $717 million in liquidations, exacerbating losses across various altcoins. This event underscores the interconnectedness of traditional and digital markets, highlighting how tech sector shifts can ripple through the crypto world, potentially affecting investor sentiment and market stability.
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